This property looks like a bad Long-Term investment with a projected -18.03% first-year return on $113k initial cash invested.
-18.03%
Cash On Cash
3.32%
Cap Rate
0.49
DSCR
$2,647
Rent
-$1,704
Cashflow
Cash Flow
$2,647 income − $4,351 expenses = $1,704 out of pocket
Investment Breakdown
|
Purchase Price
$540k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$108k
Closing costs
1%
$5,400
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,647
Total Expenses
$4,351
Mortgage P&I
116%
$3,067
Property Taxes
15%
$407
Home Insurance
7%
$189
HOA
0%
$0
Property Management
10%
$265
CapEx
5%
$132
Vacancy
6%
$159
Maintenance
5%
$132
Other
0%
$0